Thread by @chanwen_

1/ Okay so $ZIL staking is smart contract based... so that means it can be upgraded and more features can be slowly added to it. Here are some speculations about what staking can possibly do 👇🏻

2.1/ Since staked seed nodes are providing blockchain information to the external world through it APIs, is it possible to turn things around too? Meaning external world information can possibly be channeled into the blockchain & smart contracts via these seed nodes...

2.2/ ... this essentially mean they we can have an Oracle network where the rewards/penalty mechanism for being honest node has already been established. All we need is to find the oracle sources, and that can be @chainlink adapters! Cool right?

3.1/ Another possibly is that we can create vaults that automatically claim/re-stake the staking rewards, compounding interest for its users. This vaults can issue a token to represent a user’s share of the vault, where the users can burn and redeem the underlying $ZIL anytime...

3.2/ ... what this does essentially is that the vault token is an interesting bearing token. And, this token can be used in loan protocols on both Zilliqa or Ethereum (after being bridged across with the eth-zil bridge) as collaterals. Examples of such loan protocols are...

3.3/ ... @DevPillar, @CreamdotFinance or @AaveAave. Since the token is interesting bearing, it can mean that the loan can potentially be interest free if the staking APY is higher than the borrow APY. Free loans ftw 🙌🏻

4.1/ Last but not least, $ZIL that are locked up in the staking pool could potentially be used to do flash loans in the future. Meaning all loans from the staking pool must be repaid in full along with interest in the same block...

4.2/ ... This can free up idle $ZIL assets to do more instead of just sitting there, and this could mean stakers can earn additional interest too from all the flash loans by ppl. More yield! :)

5/ Anyway I just think that staking ain’t over yet. This is just v1.0, and more features can be added to make our staking infrastructure more useful...

More features = More demand = More txns = More fees burned = $ZIL numba go 🆙

6/ If anyone is interested in building with us, don’t hesitate to contact us. To achieve all of those will be much easier if we have the community building with us! @zilhive grants is always open to reward you for doing so... Cheers everyone, have a good weekend!